"The June quarter marked the rampup phase of operations towards steady-state, with five shipments completed in the period, and development of coal stockpiles through mining activities carried out by Golding Contractors Pty Ltd (Golding). Overburden and coal mining in the northern pits progressed at a run-of-mine (ROM) strip ratio of 17:1 for the quarter. While the June quarter ratio is higher than the three year average ratio of 13:1 for the current Isaac Plains open cut area, this is typical for operational rampup where overburden is advanced to allow steady state coal mining to occur. The ROM strip ratio for the 2017 financial year is anticipated to trend toward the forecast life of mine strip ratio of circa 13:1."
I'm not a mining expert, by any account, but is this increase in fact normal? This information is from the annual report as quoted above link illustrates.
SMR Price at posting:
65.0¢ Sentiment: Hold Disclosure: Held
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